Is 99208, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 99208 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 99208 has remained a Seller's Market.

Key Takeaway

99208 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 99208, WA

How much do homes in 99208, WA cost?

Median Sold Price

$460,003

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,351(+1.8%)

Key Takeaway

Homes in 99208 have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in 99208 was $460,003 in November 2024, up 1.8% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $207K$180K
-13.0%
2 $255K$250K
-2.0%
3 $418.7K$415K
-0.9%
4 $455K$457.1K
0.5%
5+ $575K$609.9K
+6.1%

Summary: 99208 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Zip Codes

99005
+5.4%
99205
+1.9%
99208
+1.8%
99218
+0.7%
99207
-1.8%

Housing Supply in 99208, WA

How many homes are available in 99208, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
266249-6.4%

Summary: The 99208 real estate market had 249 homes for sale in November 2024, a 6.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1513
-13.3%
3 7370
-4.1%
4 108100
-7.4%
5+ 7066
-5.7%

Summary: The 99208 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 5.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6446-28.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 99208, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in 99208 in November 2024, down by 28.1% month-over-month. Of the 46 sold homes, 39% were sold under asking, 37% were sold at asking, and 24% were sold over asking.

Days on Market for 99208, WA

How long does it take to sell a home in 99208, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
46 Days40 Days-13.3%

Summary: Homes in 99208 had an average of 40 days on market in Nov 2024, down by 13.3% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 99208 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 46 homes were sold in 99208; 57% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 99208, WA

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